How to determine SL on limit orders

Hi, I want to know if anybody could tell me about how to determine SL if we're using a limit order (buy limitation or sell limitation ). For example, if we draw a Fib and also we found a confluence on the chart but don't have enough opportunity to monitor how price respond, I would use a limit order set on the confluence zone, however, I am confused regarding the SL dimensions (in pips) that I should provide. I know where to put my SL when its order after a particular response for example, a pinbar or an engulfing bar. However, what about on a buy limitation or sell limit orders? I would appreciate any pointers

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Hi, I want to know if anyone could tell me about how to ascertain SL if we are using a limit order (buy limit or market limitation ). By way of instance, if we draw a Fib and also we discovered that a confluence on the chart but do not have the opportunity to monitor how price respond, I'd use a limit order placed on the confluence zone, but I am confused regarding the SL size (in pips) that I should give. I know where to place my SL if its order after a certain response by way of instance, a pinbar or a engulfing bar. However, what about on a buy limit or market limit orders? I'd love...

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In my humblest of opinions, look in Sam Seiden's work and you've got an amount to get a challenging stop loss.

Thank you, I will look into the work of Sam Seiden.

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Hello, I wish to know if anybody could tell me about how to determine SL if we are using a limit order (buy limit or market limitation ). By way of instance, if we draw a Fib and also we discovered that a confluence on the chart but don't have enough opportunity to monitor how price react, I'd use a limit order placed on the confluence zone, however, I'm confused regarding the SL dimensions (in pips) I should give. I know where to put my SL when its order after a particular reaction by way of instance, a pinbar or an engulfing pub. However, what about on a buy limit or market limit orders? I'd appreciate...

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in case you have researched this method (and I hope you have) then you'll have a general idea of the expected reward/risk ratio. Assuming that you know to not trade into evident strong support or resistance, then your stop loss (along with your take profit, probably) is a function of the expected movement of a pair on any given time frame. The ideal instrument to use for this can be the ATR or average true range. You need to back test your egy testing various fractions or multiples of this ATR(14), state, and put up your transactions accordingly. With a decent sample you may even be able to calculate a rough expectancy figure on your egy.

From 1 newb into another..the cooloest thing I've run into this way is xmans channel indy. Not only does it perform appropriate channels for you (the majority of the time), it teaches you how these operate.... I have not turned off it since I installed it. Of course, s/r amounts, going with the fashion and also the time of day you're trading are key also.
https://www.cliqforex.com/attachment...1262273565.mq4

Please, where do we found Sam Seiden's work?
Do you have a link? Can it be about this forum?
Thanks

What Is the problem? Place a few important support/resistance level and set your SL near it.